15 Best Solar Companies in Flatwoods, KY (Feb 2023 Review)

The Cost and Benefits of Solar in Flatwoods

We know that for lots of homeowners, the decision to invest in solar rests on installation costs. Some significant things that determine the upfront cost and potential savings over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $17,000 over the first 20 years with your system, too.
• Electricity consumption: The average home in Flatwoods uses a lot of energy, and consequently may see more savings on electricity bills than other places.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• The amount of sunlight your roof gets: Due to Flatwoods' high amount of average daily sunlight, you should be able to save a decent amount on your power bills.

Due to solar panels decreasing in cost as well as local and federal solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Flatwoods

Switching to solar power has many considerable benefits. Not only can it help protect the environment, but you can also save a good amount of money on your installation with various government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly pair the ITC with other local incentives. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Flatwoods

One of the best reasons to tap into solar energy is to decrease your reliance on nonrenewable energy sources like burning fossil fuels, which are hazardous for the environment. A question many might be asking themselves is how much can they really help preserve the environment by going solar anyway? In a city like Flatwoods where energy use is particularly high, installing solar panels is a fantastic plan for households who are eco-conscious. In Flatwoods, the average resident can reduce their carbon footprint by 90 pounds a year once they go solar. As you can see, trading traditional energy for solar has so many other rewards outside of saving money. One of the main ones is that you can help save the planet too.